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NASDAQ:MRVL - Marvell Technology Group Stock Price, Forecast & News

$22.35
-0.83 (-3.58 %)
(As of 03/29/2020 01:22 AM ET)
Today's Range
$21.89
Now: $22.35
$23.16
50-Day Range
$17.25
MA: $22.52
$25.75
52-Week Range
$16.45
Now: $22.35
$28.85
Volume10.94 million shs
Average Volume13.43 million shs
Market Capitalization$14.99 billion
P/E Ratio9.55
Dividend Yield1.04%
Beta1.29
Marvell Technology Group Ltd. designs, develops, and markets analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a range of storage products, including hard disk drive (HDD) and solid-state drive controllers, as well as preamplifiers; supports a variety of host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, and non-volatile memory express; and develops software-enabled silicon solutions comprising SATA port multipliers, bridges, SATA, SAS, and non-volatile memory express redundant array of independent disks controllers and converged storage processors for enterprises, data centers, and cloud computing businesses. The company also provides networking products, which comprise Ethernet solutions consisting of Ethernet switches, Ethernet physical-layer transceivers, embedded communication processors, and Ethernet adapters and controllers. In addition, it offers a portfolio of connectivity solutions, including Wi-Fi and Wi-Fi/Bluetooth integrated system-on-a-chip (SoC) products, which are integrated into various end devices, such as enterprise access points, home gateways and voice assistants, multimedia devices, gaming products, printers, automotive infotainment and telematics units, and smart industrial devices. Further, the company provides printer SoC products and application processors. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. Marvell Technology Group Ltd. was founded in 1995 and is headquartered in Hamilton, Bermuda.
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Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.70 billion
Cash Flow$1.15 per share
Book Value$12.94 per share

Profitability

Net Income$1.58 billion

Miscellaneous

Employees5,275
Market Cap$14.99 billion
Next Earnings Date6/4/2020 (Estimated)
OptionableOptionable

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock been impacted by COVID-19 (Coronavirus)?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MRVL stock has increased by 1.5% and is now trading at $22.35. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Marvell Technology Group?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 1 sell rating, 4 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Marvell Technology Group.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Marvell Technology Group.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) released its quarterly earnings data on Wednesday, March, 4th. The semiconductor company reported $0.17 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.01. The semiconductor company earned $718 million during the quarter, compared to the consensus estimate of $710.81 million. Marvell Technology Group had a net margin of 58.70% and a return on equity of 2.74%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. View Marvell Technology Group's earnings history.

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Thursday, March 12th. Investors of record on Friday, April 3rd will be paid a dividend of $0.06 per share on Wednesday, April 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, April 2nd. View Marvell Technology Group's dividend history.

How will Marvell Technology Group's stock buyback program work?

Marvell Technology Group declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 16th 2018, which permits the company to repurchase $1,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group updated its first quarter earnings guidance on Wednesday, March, 4th. The company provided EPS guidance of $0.11-$0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14. The company issued revenue guidance of $680 million, compared to the consensus revenue estimate of $674.87 million.

What price target have analysts set for MRVL?

25 analysts have issued twelve-month price objectives for Marvell Technology Group's stock. Their forecasts range from $18.00 to $32.00. On average, they expect Marvell Technology Group's stock price to reach $28.46 in the next year. This suggests a possible upside of 27.3% from the stock's current price. View analysts' price targets for Marvell Technology Group.

Has Marvell Technology Group been receiving favorable news coverage?

Headlines about MRVL stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Marvell Technology Group earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutMarvell Technology Group.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a decline in short interest during the month of February. As of February 14th, there was short interest totaling 33,160,000 shares, a decline of 26.3% from the January 30th total of 45,020,000 shares. Based on an average daily trading volume, of 9,410,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 5.3% of the company's stock are short sold. View Marvell Technology Group's Current Options Chain.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Walt Disney (DIS), QUALCOMM (QCOM), Cisco Systems (CSCO), Intel (INTC), salesforce.com (CRM) and AT&T (T).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 46)
  • Ms. Jean Hu, Chief Financial Officer (Age 56)
  • Mr. Neil Y. Kim, Exec. VP & CTO (Age 60)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 59)
  • Mr. Thomas F. Lagatta, Exec. VP of Worldwide Sales & Marketing (Age 61)

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (15.00%), State Street Corp (2.11%), Goldman Sachs Group Inc. (1.71%), Standard Life Aberdeen plc (1.36%), Janus Henderson Group PLC (1.26%) and FIL Ltd (1.12%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Syed Ali and Willem A Meintjes. View institutional ownership trends for Marvell Technology Group.

Which major investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Jennison Associates LLC, Argent Capital Management LLC, Bank of New York Mellon Corp, FIL Ltd, Fred Alger Management LLC, Panagora Asset Management Inc., and Wedge Capital Management L L P NC. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, and Willem A Meintjes. View insider buying and selling activity for Marvell Technology Group.

Which major investors are buying Marvell Technology Group stock?

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Janus Henderson Group PLC, Cambiar Investors LLC, Scout Investments Inc., Amundi Pioneer Asset Management Inc., SeaTown Holdings Pte. Ltd., Eagle Asset Management Inc., and First Trust Advisors LP. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan. View insider buying and selling activity for Marvell Technology Group.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $22.35.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $14.99 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,275 workers across the globe. View additional information about Marvell Technology Group.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is http://www.marvell.com/.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]


MarketBeat Community Rating for Marvell Technology Group (NASDAQ MRVL)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  1,227 (Vote Outperform)
Underperform Votes:  1,174 (Vote Underperform)
Total Votes:  2,401
MarketBeat's community ratings are surveys of what our community members think about Marvell Technology Group and other stocks. Vote "Outperform" if you believe MRVL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MRVL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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